From Dailymail.co.uk: Analysts have warned of the emerging threat of currency wars following a Swiss market intervention. The Swiss franc fell by as much as 3.2 per cent against the euro to 1.53 - the biggest decline since 1999 - after the country's central bank said it was taking deliberate measures to weaken its currency.
The move raises fears of retaliatory measures by other countries seeking to give their exporters a competitive edge..... Full Article: Source